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The GENIUS Act, the leading stablecoin bill in the US, has failed in the Senate vote.
⚫ The latest version of the bill was introduced without input from the Democrats.
⚫ Trump's recent pro-crypto statement has sparked a strong reaction, with Democrats citing a conflict of interest.
⚫ As a result, the chances of the bill—and other crypto laws—have significantly decreased.
⚫ A new vote is scheduled for Monday, but its prospects remain uncertain.
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